Your Place in the Digital Economy

In five years’ time, I predict that you’ll see Uber rides in which both drivers and passengers are not humans.

It’s easy to see on the driver side: Uber has already announced that it is testing self-driving cars. On the passenger side, you’ll soon see decentralised autonomous investment funds running on blockchains, not controlled by humans. For funds holding Uber shares, their algorithms will decide that it’s good for Uber’s share value by ordering Uber rides using some of their funds.

Imagine the profitability of such kind of rides: no passenger liability insurance, driver benefits, air-conditioning, and all other costs associated with human beings. It’s a win-win for both Uber and the autonomous investment funds.

Welcome to the digital economy.